MFP loans 300 mln lei off banks, at 4.14 pct average yield


The Ministry of Public Finances (MFP) has loaned on Monday 300 million lei off local banks, through a 10-year bond issue, with a residual maturity date of seven years.

The average yield of the bonds is of 4.14 percent, slightly higher than the previous auction that took place one month ago, when MFP loaned through a 7-year bond issue with an average yield of 3.88 percent per year.

Bank offers in the Monday session totalled 807.5 million lei.

According to the revised program, the Ministry of Public Finances has planned loans from banks totalling 2 billion lei in August, to which 210 million lei may be added through additional sessions of non-competitive bids, related to the bond tenders.